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Leslieville, Toronto, Ontario, Canada

Once gritty and industrial, the east-end Toronto neighborhood of Leslieville (population: 27,000) has gained traction as families, artists, and business owners arrive in droves, lured by the fashionable scene, safe and walkable streets, proximity to local beaches, and—at least by pricey Toronto standards—affordable housing offered here. "Leslieville has completely changed in the past three years," says Jasmin George, who works at the children's boutique Baby on the Hip. Hers is one of many new businesses that have opened in Leslieville in recent years, including pubs, restaurants, markets, bakeries, and a cheese shop.

Why Buy Here?It's one of a few desirable nabes near Toronto's center where a reasonably priced home can be scored. Downtown is a swift 15 minutes by car or trolley, and the nearby Lake Ontario beaches can be reached via foot or bike.